Filter
Dates
Rate

Five Reasons Why Bitcoin Price is Crashing Right Now

Bitcoin Whales Calling QuitsCrypto exchanges saw outflows in the past days, with no new serious tranches of either BTC or Tether (USDT). The recent dump, based on order books, seems to be a capitulation and a selling pressure, to realize partial profits from the recent bitcoin price rally. Previously, whale watching bots noted a series of large-scale transactions of coins to exchanges, lying in wait for potential selling.#Bitcoin order books look out of balance now to the bearish side. Don't forget, momentum can snap back quickly. pic.twitter.com/LKeNcssl34— Gabor Gurbacs (@gaborgurbacs) November 8, 2019Order books reveal a pattern of selling pressures coming in from large-scale BTC traders. At this point, the selling momentum may see its tide turned at any moment, but for the ti...